Welcome back to the Diamonds Hatton Garden blog where we bring you the latest from our Hatton Garden jewellers. When looking for loose diamonds for diamond engagement rings, diamond tennis bracelets or a pair of beautiful diamond earrings it is important to understand how the global diamond market influences the retail price.We continue with our ongoing series and look into the latest developments within the diamond industry and share our insights. Our weekly report examines the global diamond market for both loose white diamonds and loose fancy coloured diamonds.
The overall feeling within the industry is that there is a positive uplift in trading despite the as expected seasonal slowdown across both the round brilliant and fancy shaped diamond markets. Within the fancy market, as we have previously reported, ovals, emeralds and pears are increasingly popular and generally can be acquired for excellent prices. When you are looking to buy fancy coloured diamonds or are considering fancy coloured diamonds for sale, we would recommend speaking directly with ourselves as these fine gemstones are not subject to the same conditions and markets as with beautiful loose diamonds for sale.
Our sources in the United States confirm that retail sales remain strong as many dealers gear up for the JCK Las Vegas show which is taking place at the end of the month. There is a steady demand for 1 to 3 ct., G-J, SI-I1 goods as government stimulus supports mid-market jewelry spending.
In Belgium, business is quiet during summer holiday period and is expected to rise at the start of September/end of August. Rough trading, or uncut diamonds as they are also know, continues mainly as b2b trades.
In Israel, our associates report that dealers are enjoying robust US demand as holiday selling period approaches. Retailers are currently buying for inventory, boosting optimism among suppliers. Bourse activity more subdued than in previous weeks as Covid-19 cases rise; possibility of fourth lockdown.
In India, we see that trading has cooled which is driven by the summer break in some overseas markets. There are steady US and Hong Kong orders and a strong appetite for lower-value diamonds under 0.20 ct. Customers are willing to pay more to secure goods as travel restrictions limit buying options.
Finally, in Hong Kong the market is stable with sellers offering minimal price flexibility. Dealers are focused on specific items and there is a good demand for 1 ct., D-J, VS-SI2, 3X diamonds. China retail is steady as consumers continue to spend locally instead of traveling. Larger jewelers are expanding mainland store networks amid positive outlook for fourth-quarter sales.
We hope our look into the global diamond market is useful and, for any enquiries or advice, contact our team of family jewellers via info@diamondshg.co.uk or via +44 7951 060238.